Oil & Gas

Rig dispute heads for arbitration

APRIL 7, 2016 — A dispute between Sembcorp Marine subsidiary PPL Shipyard and Marco Polo Marine subsidiary Marco Polo Drilling is headed for arbitration. The dispute relates to the termination of a

Wartsila to design jack-up lift vessel

APRIL 5, 2016 – Wärtsilä is to provide the design for a new jack-up lift vessel. The contract was signed in March with a Chinese shipyard and includes an option for three

Rem Offshore reports termination of CSV charter

APRIL 4, 2016 —Fosnavag, Norway, headquartered Rem Offshore reports that the charter party for the CSV vessel Rem Poseidon between subsidiary Rem Ship AS and Bahrain-basednAdams Offshore has been terminated due to

Jack-up to be converted to MOSS

MARCH 29, 2016 —Houston headquartered William Jacob Management, Inc. (WJM) has secured its initial contract to complete the detailed engineering and design of its first Mobile Offshore Support Services Vessel: the MOSS

Bourbon to acquire Jaccar ethane activities

MARCH 29, 2016 — Paris headquartered offshore services giant Bourbon, which is 47.8% owned by Jaccar Holdings, is reinventing itself, or being reinvented. It is to acquire various ethane transportation activities currently